The image is of January from The Tres Riches Heures du Duc de Berry executed by the Limbourg Brothers, 1412-16 – French International Gothic manuscript illumination of the canonical hours.
The image is thought to represent the household of John, Duke of Berry exchanging New Year gifts. The Duke is seated at the right, in blue.
Arcadia see in the New Year with a series of interesting talks – each of which ties in with a current or upcoming exhibition in the capital.